Hospital Capacity Management Solutions Market by Solutions (Quality Patient Care Solutions, Workflow Management Solutions, Patient Flow Management Solutions, and Asset Management Solutions), Component (Software and Services), Mode of delivery (On-premises and Cloud-based), and End User (Hospitals, Ambulatory Surgical Centers, and Others): Global Market Size Estimates and Forecast (2022-2030)

The market crossed US$ 3.56 billion market in 2022 and is expected to hit US$ 13.52 billion by 2030, recording a CAGR of 18.1% during the forecast period. 

Reduction in healthcare costs due to growing adoption of hospital capacity management solutions

Delays and placement of patients in hospital beds can increase costs in healthcare facilities. Worldwide governments and healthcare systems focus on controlling the rising healthcare costs by taking few approaches, such as minimizing patient readmissions, medical errors, and administration costs with the effective usage of capacity management software in the facilities. The adoption and implementation of these solutions will help the facilities to save billions of dollars for healthcare systems, and their adoption helps reduce the overall healthcare costs. The asset management solutions segment is expected to pace up with rising focus on the proper management and storage of healthcare equipment. In addition, government incentives and the necessity to reduce healthcare costs are also fueling to the growth of this market segment.

Within the report, the market is segmented into solutions, component, mode of delivery, end user, and geography. By solutions, the market is further segmented into quality patient care solutions, workflow management solutions, patient flow management solutions, and asset management solutions. On the basis of component, the market is bifurcated into software and services. By mode of delivery, the market is categorized into on-premises and cloud-based. Based on end user, the market is divided into hospitals, ambulatory surgical centers, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

IoT-based Healthcare Capacity Management Solutions empowers the growth of futuristic innovations.

Hospital Capacity Management Solutions are helpful in the growth of efficiency of workflow along with decrease in hospital expenses. These capacity solutions are also helpful in management of assets, beds along with quality of patient care. In addition, for making decisions regarding long-term planning, facility performance, and patient care & satisfaction, hospitals are increasing their reliance on data related to equipment assets, bed availability, patient/staff interactions, workflows, and safety compliance. Emergence of various IoT-enabled devices and real-time location systems has automated data collection of medical equipment location, usage and staff and patient interactions within all healthcare environments. Real time locating system (RTLS) is a useful tool that maximizes the use of resources by tracking patients and assets. Thus, it helped healthcare facilities to improve compliance reporting, staff safety and lack of resources, workflow, hand hygiene, and patient throughput by collecting meaningful data.

Cloud-Based mode of delivery is anticipated to show maximum growth in the market.

Cloud-based solutions are useful for maintaining electronic medical records (EMR), such as digital outputs from magnetic resonance imaging (MRI) scanners, bedside monitors, and others. With increasing technological advancements, healthcare organizations are adopting new technologies to improve their operational and administrative processes. The growing need for point-of-care access to medical records, and growing, digitization of medical records are the major factors expected to boom the demand for cloud-based solutions.

Recent strategic developments in hospital capacity management solutions market

The hospital capacity management solutions market has undergone several significant developments, and a few of these have been mentioned below:

• In April 2020, TeleTracking Technologies launched a new enterprise COVID-19 capacity and census dashboard that equip health systems with the critical information needed to prepare for and respond to the COVID-19 patient surge, such as patient census, bed availability, patients in need of ventilation, and other.
• In November 2020, HealthStream entered into a definitive agreement to acquire Change Healthcare’s staff scheduling business, which includes their market leading ANSOS Staff Scheduling (“ANSOS”) application and related products. It helped the company to enhance its position in the healthcare workforce scheduling market.
• In October 2021, GE Healthcare partnered with Apprise Health Insights to launch nation's first automated statewide hospital bed management solution in Oregon. Oregon is the first state in the U.S. to launch a new statewide command center software solution for hospital capacity and critical resource management.

The hospital capacity management solutions market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Infosys Limited; Change Healthcare; TeleTracking Technologies, Inc.; Care Logistics; General Electric Company; Epic Systems Corp.; and Cerner Corporation are among the prominent players operating in the market.

Target audience for the report:

• Raw material providers
• Service providers
• Organizations, forums, and alliances
• Government bodies, such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and start-up companies
• Solutions distributors and sales firms
• End users of devices
• Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

• Solutions:
  • Quality Patient Care Solutions
  • Workflow Management Solutions
  • Patient Flow Management Solutions
  • Asset Management Solutions
• Component:
  • Software
  • Services
• Mode of delivery:
  • On-premises
  • Cloud-based
• End User:
  • Hospitals
  • Ambulatory Surgical Centers
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific (APAC)
  • South & Central America
  • Middle East & Africa
• Companies profiled
  • Infosys Limited
  • Change Healthcare
  • TeleTracking Technologies, Inc.
  • Care Logistics
  • General Electric Company
  • Epic Systems Corp.
  • Cerner Corporation
  • HEALTHSTREAM
  • Infor
  • WELLSKY

Companies profiled
- Infosys Limited
- Change Healthcare
- TeleTracking Technologies, Inc.
- Care Logistics
- General Electric Company
- Epic Systems Corp.
- Cerner Corporation
- HEALTHSTREAM
- Infor
- WELLSKY